Diversified Energy Company(DEC)

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JCDecaux wins the contract for city information panels and associated services in the City of Rennes
GlobeNewswire· 2025-04-14 15:40
JCDecaux wins the contract for city information panels and associated services in the City of Rennes Paris, April 14th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that, following a competitive tender by the City of Rennes (France), it has been awarded the contract for the provision, maintenance and operation of city information panels (CIPs) and associated services in Rennes (population: 227,000) for a 9-year period. This contract includes the r ...
Board of Director Updates
GlobeNewswire· 2025-04-14 06:00
Core Viewpoint - Diversified Energy Company PLC has appointed Randall Wade as an independent non-executive director, effective April 11, 2025, which is expected to enhance the company's strategic direction and sustainability efforts [2][4]. Group 1: Appointment Details - Randall Wade is a Co-Founder of EIG and has extensive experience in investments, operations, and strategic initiatives since joining EIG in 1996 [3]. - Wade has held various roles at EIG, including President and Chief Operating Officer, and has experience in direct lending and oil and gas analysis [3][4]. - Upon his appointment, Wade will join the Board's Sustainability and Safety Committee, indicating a focus on sustainable practices within the company [4]. Group 2: Company Background - Diversified Energy Company PLC is a publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [6]. - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance [6]. - Diversified is recognized for its sustainability leadership and aims to responsibly produce energy while generating reliable free cash flow and shareholder value [6].
JCDecaux : Publication of the 2024 Universal Registration Document
GlobeNewswire· 2025-04-10 15:43
Publication of the 2024 Universal Registration Document Paris, April 10th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces the publication of its 2024 Universal Registration Document. This Universal Registration Document was filed today with the French Financial Markets Authority (Autorité des Marchés Financiers - AMF) in ESEF format (European Single Electronic Format) under the reference D.25-0240. This Universal Registration Document includes the ...
Wall Street Analysts Predict an 83.85% Upside in Diversified Energy Company PLC (DEC): Here's What You Should Know
ZACKS· 2025-04-08 14:55
Group 1 - Diversified Energy Company PLC (DEC) closed at $11.33, with a 3.4% gain over the past four weeks, and a mean price target of $20.83 suggests an 83.9% upside potential [1] - The average price targets range from a low of $14.50 to a high of $29, with a standard deviation of $7.42, indicating a potential increase of 28% to 156% from the current price [2] - Analysts show strong agreement in revising earnings estimates higher, with a 326.9% increase in the Zacks Consensus Estimate for the current year [11] Group 2 - The Zacks Rank for DEC is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [12] - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement [8] - The correlation between earnings estimate revisions and near-term stock price movements supports the expectation of an upside in DEC [10]
Diversified Energy Demonstrates Innovation, Collaboration, and Responsibility in 2024 Sustainability Report
GlobeNewswire· 2025-04-03 06:01
Core Insights - Diversified Energy Company PLC has made significant strides in sustainability, achieving a 13% year-over-year reduction in methane intensity and a 56% reduction since 2020 [1][6] - The company has improved personal safety performance, with a 30% reduction in Total Recordable Incident Rate (TRIR) from 2023 [1][6] - For the third consecutive year, the company's activities contributed over $1 billion to state GDPs [1][6] Environmental Protection - Methane intensity was reduced to 0.7 MT CO2e per MMcfe, down from a 2020 baseline of 1.6 MT CO2e per MMcfe [6] - The company eliminated or converted 459 pneumatic devices and pumps to non-emitting [6] - Conducted 152,000 voluntary emission detection surveys, maintaining a ~98% no-leak rate on surveyed assets [6] - Achieved the Oil and Gas Methane Partnership 2.0 (OGMP) Gold Standard for the third consecutive year [6] Employee and Community Support - Introduced new physical and mental wellness programs for employees [6] - Contributed $2.1 million in community outreach, with over 25% directed to socio-economically disadvantaged regions [6] - The company has a strong focus on responsible operations, including safely retiring wells while supporting local economies [5][6]
Diversified Energy Announces Successful Placement of 4-year Senior Secured Notes
GlobeNewswire· 2025-03-28 07:01
Core Viewpoint - Diversified Energy Company PLC has successfully placed $300 million of new senior secured notes, maturing in April 2029 with a fixed coupon of 9.75% per annum, aimed at enhancing liquidity and supporting corporate purposes [1][2]. Group 1: Financial Details - The new senior secured notes will be used for repayment of existing debt and general corporate purposes, providing increased liquidity of approximately $440 million, including the proceeds from the note offering [2]. - The new debt is leverage-neutral and is expected to enhance cash flow, allowing for continued investment in high rate of return opportunities [2]. Group 2: Company Overview - Diversified Energy Company is an independent energy company focused on natural gas and liquids production, transportation, marketing, and well retirement [3]. - The company employs a differentiated strategy by acquiring existing long-life assets and investing in them to improve environmental and operational performance before retiring them safely [3]. - Recognized for sustainability leadership, Diversified aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [3].
Is It Worth Investing in Diversified Energy Company PLC (DEC) Based on Wall Street's Bullish Views?
ZACKS· 2025-03-27 14:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Diversified Energy Company PLC (DEC) .Diversified Energy Company PLC curre ...
Diversified Energy: Old Wells And Some Leverage Bring Strong Cash Flow
Seeking Alpha· 2025-03-26 05:01
Diversified Energy ( OTCQX:DEC ) is an Oil & Gas producer in Appalachia and the Central Region (Oklahoma and Texas), for a total production of 791 MMcfe/d (Million Cubic Feet equivalent per day), scheduled to increase to 1.075 MMcfe/d in March afterEquity Portfolio Manager with a strong Value bias. Currently moving to smaller cap names and mainly interested in cyclical companies that can re-rate. Particularly attracted by the mining and oil sector.Analyst’s Disclosure: I/we have a beneficial long position i ...
Diversified Energy Announces Details of Share Buyback Program
GlobeNewswire· 2025-03-20 07:03
Core Viewpoint - Diversified Energy Company PLC has announced a Share Buyback Program aimed at reducing its issued share capital, believing that its shares are trading at a substantial discount to net asset value, thus representing an appropriate use of cash resources [2][6]. Group 1: Share Buyback Program Details - The Company has the authority to repurchase its ordinary shares of 20p each, as approved at the 2024 Annual General Meeting [2]. - The maximum number of shares to be repurchased is set at 4,756,842 shares, with a total consideration not exceeding £52.3 million [6]. - The Program will expire on the earlier date of June 30, 2026, or the Company's 2026 Annual General Meeting [6]. Group 2: Execution and Compliance - The buyback will be executed on the London Stock Exchange, adhering to the limitations set by the shareholder authority and relevant regulations [3]. - The Company has engaged Peel Hunt LLP to facilitate the repurchase of shares, allowing purchases during closed periods independently of the Company [4]. Group 3: Company Overview - Diversified Energy Company is focused on natural gas and liquids production, marketing, and well retirement, acquiring long-life assets to improve performance and ensure safe retirement [5]. - The Company is recognized for its sustainability leadership and aims to responsibly produce energy while generating shareholder value [5].
Director Shareholdings
GlobeNewswire News Room· 2025-03-20 07:02
Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) announces that on March 18-19, 2025, members of the Company’s Board of Director’s (the “Board”) transacted in ordinary shares of 20p each in the Company ("Ordinary Shares"). Members of the Board transacting in Ordinary Shares included: David Johnson, Non-Executive Chair of the BoardDavid J. Turner, Jr., Independent Non-Executive Director Details of the Board member transactions in Ordinary Shares and the resulting positions in the Ordinary Shares of the ...